VESPRO CONSTRUCT
ActiveSummary
VESPRO CONSTRUCT has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€106,569) and a net result of €12,954. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- -€106,569
- Profit
- €12,954
- Largest shareholder
- KONRAD INVEST · 50%
- Board
- 4 members
Why 55raises riskCapped at 59: negative equityNegative equity -€106,5691 change of registered office in 24 monthslowers riskSize: total assets €114,426Liquidity: current ratio 0.60, cash €82,801, halvedShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 5% on solvency, 49% on liquidity, 52% on profitability and 67% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €12,954
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €13,046 after a loss of €5,064 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.8% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €3,647 | €3,106 | €2,745 | €1,731 | €1,285 | ▼ 25.8% |
| Gross operating margin9900 | €76,041 | €88,702 | -€3,603 | -€17,654 | -€238,184 | €14,000 | -€3,334 | €14,331 | - |
| Operating profit (loss)9901 | €74,514 | €6,697 | -€5,466 | -€21,302 | -€241,290 | €11,255 | -€5,064 | €13,046 | - |
| Financial income75/76B | - | - | - | €175 | - | - | €2,831 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €175 | - | - | €2,831 | - | - |
| Financial charges65/66B | - | - | - | €571 | €462 | €547 | €624 | €93 | ▼ 85.1% |
| Recurring financial charges65 | €181 | €0 | €332 | €571 | €462 | €547 | €624 | €93 | ▼ 85.1% |
| Profit (loss) for the period before taxes9903 | €74,333 | €6,697 | -€5,798 | -€21,698 | -€241,751 | €10,708 | -€2,857 | €12,954 | - |
| Income taxes67/77 | €64 | €2,002 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €74,270 | €4,695 | -€5,798 | -€21,698 | -€241,751 | €10,708 | -€2,857 | €12,954 | - |
| Profit (loss) for the period to be appropriated9905 | €74,270 | €4,695 | -€5,798 | -€21,698 | -€241,751 | €10,708 | -€2,857 | €12,954 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €3.6m | €6.9m | €2.6m | €1.2m | €0.5m | €0.1m | ▼ 76.4% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | - | - | - | - |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | - | - | - | - |
| Current assets29/58 | €1.2m | €1.1m | €3.6m | €6.9m | €2.5m | €1.2m | €0.5m | €0.1m | ▼ 76.4% |
| Stocks and contracts in progress3 | €0.6m | €0.8m | €2.5m | €4.8m | €1.8m | €0.3m | €0.3m | €0.03m | ▼ 89.6% |
| Stocks30/36 | - | - | - | €4.8m | €1.8m | €0.3m | €0.3m | €0.03m | ▼ 89.6% |
| Amounts receivable within one year40/41 | €0.08m | €0.1m | €0.2m | €0.09m | €0.1m | - | €0.03m | €0.003m | ▼ 90.8% |
| Trade receivables40 | - | - | - | €0.09m | €0.1m | - | €0.02m | €0.001m | ▼ 95.5% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.01m | €0.002m | ▼ 81.6% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.5m | €0.2m | €0.9m | €2.0m | €0.4m | €0.9m | €0.2m | €0.08m | ▼ 53.3% |
| Deferred charges and accrued income490/1 | - | - | - | €240 | €0.3m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €3.6m | €6.9m | €2.6m | €1.2m | €0.5m | €0.1m | ▼ 76.4% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | ▲ 10.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.004m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.03m | €0.04m | €0.03m | €0.009m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▲ 5.8% |
| Amounts payable17/49 | €1.1m | €1.0m | €3.4m | €6.8m | €2.7m | €1.3m | €0.6m | €0.2m | ▼ 63.5% |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €3.4m | €6.8m | €2.0m | €1.1m | €0.5m | €0.2m | ▼ 62.2% |
| Trade debts44 | €0.003m | €0.04m | €0.01m | €0.005m | €0.004m | €0.006m | €0.001m | - | - |
| Suppliers440/4 | - | - | - | €0.005m | €0.004m | €0.006m | €0.001m | - | - |
| Advances received on contracts in progress46 | - | - | - | €2.7m | €0.3m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €259 | €0.06m | - | - | - |
| Taxes450/3 | - | - | - | €0.1m | €259 | €0.06m | - | - | - |
| Other amounts payable47/48 | - | - | - | €4.0m | €1.7m | €1.0m | €0.5m | €0.2m | ▼ 62.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.7m | €0.3m | €0.1m | €0.03m | ▼ 70.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.005m | -€0.006m | -€0.02m | -€0.2m | €0.01m | -€0.003m | €0.01m | - |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.07m | €0.005m | -€0.006m | -€0.02m | -€0.2m | €0.01m | -€0.003m | €0.01m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€200 | €200 | - | - | - | - |
| Change in cash | - | -€0.3m | €0.6m | €1.2m | -€1.6m | €0.6m | -€0.8m | -€0.09m | ▲ 87.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00268566 |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00268163 |
| 31-12-2023 | abbreviated format | 12-07-2024 | 2024-00239704 |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00237709 |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185062 |
| 31-12-2020 | abbreviated format | 21-06-2021 | 2021-22400479 |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-26900177 |
| 31-12-2018 | abbreviated format | 19-06-2019 | 2019-19700507 |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-17200571 |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17800358 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ED SOMERS INVEST |
|
| I & P CONSULTING |
|
| SYEN Patrick |
|
| VGV INVEST |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
49 connected companiesShow 45 more companies with a shared director
History
Acts, filings and financial milestones
23-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 14-03-2025
- Registered-office move, 3500 Hasselt,Kolonel Dusartplein 20
20-06
Gazette deed
Resignations: I & P CONSULTING, SYEN Patrick and 2 othersPermanent representatives: KERKHOFS Patrick, SYEN Patrick and 2 others · Appointments: I & P CONSULTING, SYEN Patrick and 2 others · Registered office clause16 facts ▸
- Director resignation, I & P CONSULTING (class A director)
- Director resignation, SYEN Patrick (class A director)
- Director resignation, ED SOMERS INVEST (class B director)
- Director resignation, VGV INVEST (class B director)
- Permanent representative, KERKHOFS Patrick
- Permanent representative, SYEN Patrick
- Permanent representative, SOMERS Edwin
- Permanent representative, VANGRONSVELD Stefan
- Other provision, “uitoefening van hun mandaat”, director discharge (deed in Dutch)
- Director appointment, I & P CONSULTING (class A director)
- Director appointment, SYEN Patrick (class A director)
- Director appointment, ED SOMERS INVEST (class B director)
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0535.767.721
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71022H0530/00R003 | Flanders | 789 m² | 1 · 257 m² | 17.6 m · 5 |
How the parcels are linked
Articles of association
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Helft uit kandidatenlijst houders aandelen groep A, andere helft uit kandidatenlijst houders aandelen groep B, kennisgeving aan raad van…” (deed in Dutch)“Vergoeding bestuurders, bij elke benoeming” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, iedere aandeelhouder” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdrachtsbeperkingen opgenomen in aandeelhoudersovereenkomst tussen aandeelhouders, overdrachten van aandelen van de vennootschap” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming van de vereffenaars, bestuursorgaan dat op dat ogenblik in functie is” (deed in Dutch)“Bevoegdheden van de vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)